AMT vs DLR: Which Is the Better Dividend Stock?
As of Nov 14, 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. AMT offers the higher yield at 3.77%, DLR has the higher dividend-safety score, and AMT looks like the better value (its fair-value estimate is 44% below its share price).
Key facts: AMT vs DLR
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, American Tower Corporation (AMT) has the higher forward dividend yield at 3.77%, versus 2.66% for Digital Realty Trust, Inc. (DLR).
- As of Nov 14, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and DLR's A (85/100).
- By SmarterDividends' count as of Nov 14, 2026, AMT has raised its dividend for 13 consecutive years and DLR for 0.
- As of Nov 14, 2026, AMT pays out 100% of its earnings as dividends and DLR pays out 206%.
- As of Nov 14, 2026, AMT's fair-value estimate is 44% below its share price and DLR's fair-value estimate is 65% below its share price, so AMT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs DLR: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/amt-vs-dlr
| Metric | AMT | DLR |
|---|---|---|
| Forward yield | 3.77% | 2.66% |
| Annual dividend | $7.16 | $4.88 |
| Payout ratio | 100% | 206% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 1.7% |
| 5-yr total return | -27% | 7% |
| Dividend safety score | 73 (B) | 85 (A) |
| Fair value estimate | $106.80 | $63.77 |
| Upside to fair value | -44% | -65% |
| Frequency | quarterly | quarterly |
| Market cap | $88.9B | $69.3B |
| P/E ratio | 26.7 | 77.2 |
Higher yield
AMT
3.77%
Safer dividend
DLR
Grade A
Faster growth
AMT
8.5%
Better value
AMT
-44% upside
AMT vs DLR — FAQ
Is AMT or DLR a better dividend stock?
On the data, AMT wins more head-to-head categories (6 vs 2). AMT offers the higher yield (3.77%), while DLR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AMT or DLR?
AMT has the higher forward dividend yield at 3.77%, versus 2.66% for DLR.
Is AMT or DLR safer?
DLR has the higher dividend-safety score (85/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or DLR better value right now?
As of Nov 14, 2026, AMT looks like the better value: its fair-value estimate is 44% below its share price (overvalued). For DLR, its fair-value estimate is 65% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.